Items Tagged with 'crop production'

Many farmers in the southern Plains and the West worry they can't produce their crops this year because of an abnormally dry winter and little prospect for moisture in coming weeks.

Department of Agriculture officials increased soybean and corn yields which helped push ending stocks projections higher in Tuesday's World Agriculture Supply and Demand Estimates report.

The Agriculture Department lowered its estimate of already tight ending stocks for soybeans as USDA increased its estimate of how much of the 2020 crop would be crushed.

A pair of reports from Department of Agriculture economists project a drop in American grain and oilseed production and overseas stocks on hand, prolonging a bump in commodity prices.

USDA’s World Agricultural Supply and Demand Estimates report fell in line with trade expectations when it lowered corn ending stocks as producers struggle with a challenging harvest.

USDA’s National Agricultural Statistics Service lowered its production estimates for corn, soybeans and cotton, bumping corn down to 13.8 billion bushels and soybeans to 3.63 billion bushels, which each represent 1% declines from the August estimate.

USDA is cutting its estimates of U.S. corn and soybean acreage after resurveying farmers and doing further analysis of areas of the Midwest hit hard by heavy rains this spring. 

July reports from the Department of Agriculture offered little surprise to traders, including when USDA stuck with the much-maligned June Acreage report data.

As trade disputes eroded major markets for American soybeans, U.S. producers grew more of the crop than ever befor e,according to Department of Agriculture data released Friday.

USDA trimmed its estimates for the corn and soybean crops on Thursday, citing lower yields for corn and a smaller harvested area for soybeans.